Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 1, 2020, LPT Company issued 2,000 convertible bonds. The bonds have a three-year term and are issued at 110 with a face value of P1,000 per bonds, giving total proceeds of P2,200,000. Interest is payable annually in arrears at a nominal rate interest rate of 6%. Each bond is convertible at any time up to maturity into 25 shares of capital with par value of P20. The bonds are converted on Dec. 31, 2015. When the bonds are issued, the prevailing market rate for similar bonds without conversion privilege is 9%. The PV of 1 at 9% for three periods is .77 and the PV of an ordinary annuity of 1 at 9% for the three periods is 2.53.
Required: Prepare journal entry to record the
a. issuance of the bonds on January 1, 2020,
b. interest payment,
c. effective amortization and
d. bond conversion on December 31, 2020.
Determine How much was Flow's net cash flow from investing activities? Flow Company has provided the following information for the year ended December 31, 2019
kimm company has gathered the subsequent information about its product.direct materials each unit of product contains
Determine the future value of this annuity due if her first $400 is invested now. What is the difference between an annuity due and an ordinary annuity? Explain
Calculate the overhead rate set at the beginning of the year. Calculate the amount of over/underabsorbed overhead for the year. What advice would you give Debra Donak?
The market value of each warrant was $2, and the market value of the bonds without the warrants was $196,000. The bonds were issued at a discount of
You are considering two mutually exclusive projects with the following cash flows. Will your choice between the two projects differ if the required rate of return is 8% rather than 11%? If so, what should you do?
Discuss in detail the requirements of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.
July bank service charge not recorded by the depositor, $ 17. Journalize the adjusting entries for July 31 on the books of Pharoah Company.
If a distinction is made between cost accounting and managerial accounting, managerial accounting is more oriented toward? Valuation of inventory
How many jeans must Just for You sell in order to break? even? Just for You Jeans Co. sells blue jeans wholesale to major retailers across the country.
Prokter and Gramble (PG) has historically maintained a debt-to-equity ratio (D/E) of approximately 0.4. Determine PG weighted average cost of capital
Cash of $53,000 was borrowed on a 3-year note payable. Based on this data, What total cash inflows from operating activities are
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd